Exam 13: Exporting,Importing,and Countertrade

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The mission of the _____ is to provide financing aid that will facilitate exports,imports,and the exchange of commodities between the United States and other countries.

(Multiple Choice)
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Simple ignorance of potential opportunities is a huge barrier to exporting.

(True/False)
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A _____ is simply an order written by an exporter instructing an importer to pay a specified amount of money at a specified time.

(Multiple Choice)
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Faced with complexity and diversity,firms sometimes hesitate to seek export opportunities.The way to overcome ignorance is to

(Multiple Choice)
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What are the pros and cons of countertrade?

(Essay)
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_____ is an alternative means of structuring an international sale when conventional means of payment are difficult,costly,or nonexistent.

(Multiple Choice)
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International trade often occurs between parties who may never have met,live in different countries,speak different languages,and abide by different legal systems.These factors could result in:

(Multiple Choice)
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When an exporter ships goods to the bank which issued a letter of credit,it gives the bank title to the goods in the form of a:

(Multiple Choice)
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Countertrade is most attractive to large,diverse multinational enterprises that can use their worldwide network of contacts to dispose of goods acquired in countertrading.

(True/False)
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When does an exporter have to forgo a letter of credit?

(Multiple Choice)
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How does the international practice of settling trade transactions differ from domestic practice?

(Multiple Choice)
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Which of the following is true about the incidence of countertrade?

(Multiple Choice)
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In some cases,the Ex-Im Bank grants loans that commercial banks would not if it sees a(n):

(Multiple Choice)
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Which of the following allows for a delay in payment?

(Multiple Choice)
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_____ agreement may be required by the government of a country that has a problem in paying for imports.

(Multiple Choice)
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The combination of _____ and _____ associated with foreign market opportunities probably explains why exporters still account for only a tiny percentage of U.S.firms.

(Multiple Choice)
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Which of the following institutions within the U.S.Department of Commerce is dedicated to providing businesses with intelligence and assistance for attacking foreign markets?

(Multiple Choice)
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EMCs normally accept only one type of export assignment where they start exporting operations for a firm with the understanding that the firm will take over operations after they are well established.

(True/False)
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In the modern era,countertrade arose in the 1960s as a way for _____ to purchase imports.

(Multiple Choice)
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A range of barter like agreements by which goods and services can be traded for other goods and services is known as:

(Multiple Choice)
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